Problem 1: There still is a lot of boiler room fraud going on: people being persuaded by scammers to buy Bitcoin and then lose their money. 40% of transactions to bitcoin exchsnges are relating to scams (according to a friend working on fraud dept for a large bank in the Netherlands)
Solution: Banks themselves can step in and offer bitcoin services directly to their customers and educate people how to do self custody.
Problem 2: most people are too technically illiterate to practice self custody in a safe way.
Solution?
Ralphie / Ralphie from Dutchland
npub12c…65cag
2023-04-06 11:31:43
Author Public Key
npub12cd6ckpl9ua9d7t09gxq6zdxxjd9qsaw9xzpt6s238n97f3exxmsh65cagPublished at
2023-04-06 11:31:43Event JSON
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"id": "082d11efbb78f6dea8fd3738095c9515f3929f18b921126913b9567a7faa2717",
"pubkey": "561bac583f2f3a56f96f2a0c0d09a6349a5043ae298415ea0a89e65f263931b7",
"created_at": 1680780703,
"kind": 1,
"tags": [],
"content": "Problem 1: There still is a lot of boiler room fraud going on: people being persuaded by scammers to buy Bitcoin and then lose their money. 40% of transactions to bitcoin exchsnges are relating to scams (according to a friend working on fraud dept for a large bank in the Netherlands)\n\nSolution: Banks themselves can step in and offer bitcoin services directly to their customers and educate people how to do self custody.\n\nProblem 2: most people are too technically illiterate to practice self custody in a safe way.\n\nSolution?",
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}